3.07.080 Improvement plan.
A. Prior to the establishment of a TSDC, the council shall adopt a plan by resolution that includes a list of:
1. The capital improvements that the council intends to fund in whole or in part with improvement fee revenues; and
2. The estimated cost and time of construction of each improvement and the percentage of that cost eligible to be funded with improvement fee revenues; and
3. A description of the process for modifying the plan.
B. In adopting this plan, the council may incorporate by reference all or a portion of any public facilities plan, master plan, capital improvements plan or similar plan that contains the information required by this section.
C. The council may modify such plan and list at any time. If a TSDC will be increased by a proposed modification to the list the council will:
1. At least 30 days prior to adoption of the proposed modification, provide written notice to persons who have requested notice pursuant to BC 3.07.140; and
2. Hold a public hearing if a written request for a hearing is received within seven days of the date of the proposed modification.
D. A change in the amount of a reimbursement fee or an improvement fee is not a modification of the system development charge if the change in amount is based on the periodic application of one of the construction cost indices published by the Engineering News-Record. [BC 3.07.080, added by Ordinance No. 4661, 7/14/15]